Onshore Oil and Gas Pipeline Market is expected to grow at a CAGR of 3.07% through 2029.
Global
Onshore Oil and Gas Pipeline Market is expected to grow owing to globalization
of energy supply chains throughout the forecast period.
According
to TechSci Research report, “Onshore
Oil and Gas Pipeline Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2019-2029F”, the Global Onshore Oil and Gas Pipeline Market has valued at USD 5.17 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 3.07% through 2029.
The relentless growth in
global energy demand is a primary driver for the onshore oil and gas pipeline
market. As economies expand, industrialize, and urbanize, the need for a
reliable and efficient means of transporting oil and gas from production sites
to refineries and end-users becomes paramount. Onshore pipelines provide a
cost-effective and secure solution to meet the growing appetite for energy
resources.
Emerging
economies are experiencing rapid industrialization and urbanization, leading to
a surge in energy demand. Governments in these regions are investing heavily in
energy infrastructure, including onshore oil and gas pipelines, to meet the
growing needs of their expanding populations and industries. Companies involved
in pipeline construction and operation have the opportunity to participate in
major infrastructure projects in countries such as India, China, Brazil, and
others.
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Onshore Oil and Gas Pipeline Market"
Based on type, the Spiral Submerged Arc Welded (SSAW) Pipes segment is projected to dominate the market throughout
the forecast period. SSAW pipes
offer a cost advantage over seamless pipes due to the efficient manufacturing
process using large coils of steel. They can be produced in larger diameters
compared to seamless pipes, making them suitable for high-volume oil and gas
transportation. The submerged arc welding technique creates strong and reliable
pipe sections. Their larger pre-fabricated sections allow for faster pipeline
construction on land. SSAW pipes are widely used for transporting oil and gas
over long distances onshore due to their cost-effectiveness and large diameter
capabilities. They can be used for gathering lines that collect oil and gas
from wells to transport them to processing facilities. The SSAW pipe segment is
expected to see steady growth during the forecast period driven by factors like increasing onshore oil and
gas exploration activities in developing economies, rising demand for efficient
and cost-effective pipeline infrastructure for transporting oil and gas
reserves and replacement of aging pipeline infrastructure in developed regions.
SSAW pipes are renowned for their exceptional strength and durability, making them particularly well-suited for withstanding the demanding conditions often encountered in onshore pipeline operations. Their unique spiral welding technique enhances structural integrity and ensures uniformity, further bolstering their reliability and performance. SSAW pipes offer distinct advantages in terms of cost-effectiveness and ease of installation, making them a preferred choice for many operators seeking efficient and reliable pipeline solutions. With these attributes, coupled with the growing demand for onshore oil and gas transportation infrastructure globally, the SSAW pipes segment is poised to maintain its market leadership position in the foreseeable future.
Key
market players in the Global Onshore Oil and Gas Pipeline Market are:-
- EUROPIPE GmbH
- JFE Steel
Corporation
- Gerdau
S/A
- PAO TMK
- Vallourec SA
- JSW Holdings Limited
- Jiangsu Chang
bao Steel Tube Co. Ltd.
- TC Energy Corporation
- Tenaris S.A.
- American Cast
Iron Pipe Company
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“The
Global Onshore Oil and Gas Pipeline Market in Asia-Pacific is poised to be the
dominant region in the industry. The
Asia-Pacific region is a major player in the global onshore oil and gas
pipeline market, with countries such as China, India, and Australia
contributing significantly to the demand for pipeline infrastructure. The
region's economic expansion, urbanization, and industrial development drive the
need for reliable and efficient transportation of oil and gas resources.” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
global management consulting firm.
“Onshore Oil and Gas Pipeline Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Electric Resistance Welded (ERW) Pipes, Spiral Submerged Arc Welded (SSAW) Pipes and Others), By Application (Crude Oil Transmission, Natural Gas Transmission and Refined Products Transmission), By Region and Competition, 2019-2029F”
has evaluated the future growth potential of Global Onshore Oil and Gas
Pipeline Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Onshore
Oil and Gas Pipeline Market.
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